In the pandemic economy, tech companies are raking it in

Illustration by Alex Castro / The Verge

From a pure entertainment perspective, I am genuinely sorry that the House’s antitrust hearing targeting the big four tech companies — Amazon, Apple, Facebook and Google — took place Wednesday instead of next week. Because literally a day after a meeting attempting to determine if Big Tech was too big, three of the four companies in the hearing got bigger. (Google’s parent company, Alphabet, had a decline in revenue of about 2 percent, mostly due to a decline in search ads — but this was still better than analysts predicted.)

The hearing was about how tech companies have consolidated their power. The coronavirus seems to be making that…

Continue reading…

via The Verge – All Posts

Check out the Finding Your Identity Podcast!

Tags: ,
Travel Back Up To The Top!